[26], On 22 October 2006, Standard Chartered announced that it had received tenders for more than 51% of the issued share capital of Hsinchu International Bank ("Hsinchu"), established in 1948 in Hsinchu, Taiwan. Equity markets rallied. StanChart's London-listed shares have gained 12% over the past year versus a 28% surge in HSBC (HSBA.L) and a 26% rise in Barclays (BARC.L). [45] The cuts followed a change of CEO after profit warnings and money laundering fines in the first half of the year. Enable RMs in the team to collectively meet revenue targets allocated by Head of FI, CCIB. Its London-listed stock is around 45% below the level when Winters became CEO. There was some progress on structural reforms, namely electricity and spectrum, however implementation remains slow. Wholesale-priced deposits grew by 9%. Report this profile Report Report. It is largely similar to the online banking services offered by other banks, with the exception of its function to issue electronic bank cheques. Interest rates increased in Ghana, Mozambique, South Africa and Zambia. [9], The Chartered Bank began when Queen Victoria granted a royal charter to Scotsman James Wilson in 1853. Melville Douglas won the coveted Raging Bull Award for the best Offshore Management company in 2021. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This now serves high-net-worth customers in Hong Kong, Dubai, and Johannesburg under the name Standard Chartered Grindlays Offshore Financial Services. The groups net stable funding ratio was 122%, in excess of the 100% regulatory requirement. Our full year 2022 results were released at 04:15 UKT / 12:15 HKT on Thursday 16 February 2023 on our website here.Bill Winters, CEO and Andy Halford, CFO subsequently hosted a virtual presentation of the results, the replay of which can be viewed via this webcast link.. For any enquiries please email us at: investor.relations@sc.com Full-year income from Hong Kong, its biggest market, fell 2%. In 2022, our focus will be on integration. But the company's share price has halved during his time. -7.33. The groups AUM excluding Liberty grew by 12% year on year, supported by positive market performance. In addition, the group holds top 3 positions (based on deposits) in Botswana, Eswatini, Ghana, Lesotho, Malawi, Namibia, Uganda, Zambia and Zimbabwe. Headline earnings increased by 172% and ROE recovered to 12.5%. Fitch Affirms Standard Chartered Bank, Sri Lanka Branch's 'AAA(lka)' Rating . We're an international bank, nimble enough to act, big enough for impact. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. Standard Chartered Bank 17 years 10 months Global Product Owner, Financial Markets, CCIB Standard Chartered Bank . Inflation is expected to moderate, supporting a gradual rate hiking cycle. Among international banks, Standard Chartered has one of the largest loan portfolios in the Dubai market and the UAE as a whole, estimated to be $7.77billion in total. Robust balance sheet growth, particularly home loans in South Africa and unsecured loans in Africa Regions, supported net interest income. [25] Standard Chartered also formed strategic alliances with Fleming Family & Partners to expand private wealth management in Asia and the Middle East, and acquired stakes in ACB in Vietnam, Travelex, American Express Bank (Bangladesh), and Bohai Bank (China). Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. The merged bank, Standard Chartered Bank (Pakistan), is now Pakistan's sixth largest bank. During 2021, the group successfully raised Basel III compliant Additional tier I capital of R3.5 billion and tier II capital bonds of R3.2 billion. Performance was driven by strong income growth, as well as continued cost and risk discipline. See here for a complete list of exchanges and delays. Revenue grew by 5% and pre-provision operating profit grew by 5%, both with double digit growth in the second half of the year (2H21 on 2H20). Revenue/Employee 29,568,779: Income Per Employee 8,074,856: Currently it is one of the largest Private Commercial Bank and has 317 branches. [87][88], Money laundering, breach of sanctions fine (2019), Last edited on 23 February 2023, at 18:34, The Chartered Bank of India, Australia and China, Chartered Bank of India, Australia and China, New York Department of Financial Services, Minister of State for Trade, Investment, and Business, The Hongkong and Shanghai Banking Corporation, New York State Department of Financial Services, United States of America's Department of the Treasury, "Temasek Raises Bet on Financial Stocks With StanChart", "The Tan Sri Khoo Teck Puat Estate Agrees to Sell Shares in Standard Chartered to Temasek", "We've appointed a new Chairman, Jose Vinals, to succeed Sir John Peace - Standard Chartered Bank", "Bill Winters: banker not afraid to bare his chest takes reins at Standard Chartered", "Japanese to Pay $750 Million for Union Bank", "Sucheta Dalal :Standard Chartered tries to cover up its messy past but SEBI is in a slumber", "Hong Kong Disciplines Standard Chartered PLC", "Scotiabank to Launch the ScotiaMocatta eStore in Canada - a New Full-Service Online Precious Metals Delivery Channel", "StanChart still searching for the right path to recovery", "Standard Chartered 79% Return Overtakes HSBC With Asian Rebound", "Cap 65 - Legal tender notes issue Ordinance", "Standard Chartered buys Korea First Bank", "Standard Chartered to Merge Its Branch with Local Subsidiary in Thailand", "Standard Chartered sets up private banking HQ in Singapore", "Standard Chartered to buy 49% of UTI Securities", "Standard Chartered buys American Express Bank", "Frequently Asked Questions on the Standard Chartered Bank acquisition of American Express Bank", "Auditors' Report on the financial statements of Standard Chartered Bank India Branches under Section 30 of the Banking Regulation Act, 1949, p. 7, Economic & Political Weekly EPW 28 June 2008", "Standard Chartered to Buy American Express Bank Unit (Update4)", "Standard Chartered completes acquisition of American Express Bank for $823 million", "Standard Chartered to acquire Cazenove Asia Limited", "Lender says no material impairment from Dubai", "ABC joins hands with Standard Chartered", "STANDARD CHARTERED BANK AND AGRICULTURAL BANK OF CHINA FURTHER SOLIDIFYING STRATEGIC COOPERATION", "Standard Chartered Bank Press Releases 2010", "Standard Chartered axes equities business, retail jobs in cost cut push", "Standard Chartered shares sink on shock quarterly loss", "Standard Chartered finds diamonds no longer a bank's best friend", "How Standard Chartered Lost $400 Million on Risky Diamond Debt", "Pressure piled on Standard Chartered over 7m bonuses", "Standard Chartered may lose NY license over Iran ties", "British Bank in $340 Million Settlement for Laundering", Standard Chartered agrees settlement with New York regulator, "Standard Chartered to Pay $340 Million to Settle New York Case", "British Bank Standard Chartered Faces Action, Again, by New York State", "US regulators ask Standard Chartered to pay $300 mn penalty", "Caught Backsliding, Standard Chartered Is Fined $300 Million", "Standard Chartered expected to pay over $1 billion to resolve probes", "The Standard Chartered Breeze Twitter Campaign", "Standard Chartered supercharges fintech accelerator gradudates", "Sponsorship deal 'boosts' Liverpool stadium plans", "Liverpool FC extend Standard Chartered sponsorship deal", "Liverpool FC news: Standard Chartered sign 30m shirt deal", "Liverpool FC and Standard Chartered relationship continues", "Liverpool FC LFC and Standard Chartered extend principal partnership to 2027", "Liverpool Standard Chartered 160 million shirt sponsor renewal", "Bringing light to the blind with 'smart cup', "Standard Chartered quits role on giant Australian mine", "Tak-Lam Chan:Executive Profile & Biography -BusinessWeek", "Standard Chartered to pay $340m fine to New York bank regulator", "Standard Chartered bank accused of scheming with Iran to hide transactions", "Standard Chartered fined $327 million for violating sanctions", "U.S. Treasury Department Announces Settlement with Standard Chartered Bank", "Standard Chartered fined $1.1bn for money-laundering and sanctions breaches", "OFSI Fines Standard Chartered Bank 20M for Sectoral Sanctions Breaches | Publications | Kirkland & Ellis LLP", "UK Enforcement Update: OFSI Shows its Teeth as Penalties for Sanctions Violations Jump into the Millions | Association of Certified Sanctions Specialists", "Standard Chartered Fined $13.6 Million for 2007 India Deal", "RBI slaps penalty of 2 crore on Standard Chartered Bank", "Reserve Bank of India imposes Rs 2 cr penalty on Standard Chartered Bank", https://en.wikipedia.org/w/index.php?title=Standard_Chartered&oldid=1141169728, This page was last edited on 23 February 2023, at 18:34. Credit charges more than halved and costs were well contained to deliver positive jaws of 198 basis points. Other revenue recorded double digit growth as improved economic conditions drove higher dividend and investment income. Saturday, 18th March 2023. Non-personalized ads are influenced by the content youre currently viewing and your general location. Bill Winters, the chief executive, stands to net share awards with a face value of as much as 4.4m from the scheme, while Andy Halford, the chief financial officer, could receive 2.7m. About Standard Chartered . Business Description. New virus variants, supply disruptions, and policy uncertainty drove inflation fears and bouts of volatility. But Standard Chartered had a well-placed advocate. We are sincerely grateful to everyone across the Standard Bank Group, including our colleagues at Liberty, who have continued to serve our clients with excellence in challenging circumstances. 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